Milan-based Bending Spoons is a technology startup that acquires and manages globally recognized digital products. Recently, the startup successfully raised over €500 million to fuel its growth through acquisitions.
The funding round was led by J.P. Morgan, with BNP Paribas and Crédit Agricole CIB playing key roles. Other participating financial institutions included Bank of America, HSBC, Barclays, Goldman Sachs, and several others.
Founded in 2013, Bending Spoons is led by CEO Luca Ferrari, who prioritizes long-term management of the products the startup acquires and focuses on strategic growth.
In recent years, the startup has made several significant acquisitions. These include the San Francisco-based mileage tracking app MileIQ and the U.S.-based video streaming technology startup Brightcove, which was acquired for €199 million in cash.
These acquisitions have further expanded Bending Spoons’ portfolio, which now includes well-known products such as Evernote, WeTransfer, Remini, Meetup, komoot, Issuu, StreamYard, and Splice. These products are widely used by millions for productivity, content creation, and digital communication.
To date, Bending Spoons has raised a total of €1 billion. In addition to the recent €500 million funding, the startup has established a €100 million fund to support new investments and operational growth. In July, the startup also secured a €350 million credit facility.
Bending Spoons is growing rapidly in both Europe and the U.S. and is considering a public listing (IPO) in the near future. As of 2024, the startup is valued at approximately €2.2 billion. Acquisition activity in the technology sector has surged in recent years, growing more than 74% annually and reaching a total of €325 billion.
This financial support positions Bending Spoons to continue acquiring strategically aligned digital businesses and to sustain its growth trajectory.
